In 6 months, Egypt’s exports to Italy hit $743mn

Egyptian exports to the Italian market declined by 6.9 percent to 6.6 billion Egyptian pounds (US$743 million) in January-June 2016 from 7.1 billion pounds a year earlier.

In June 2016, Egyptian exports to Italy decreased to 1.02 billion pounds compared to 1.04 billion in June 2015, dropping by 2 percent, state’s Central Agency for Public Mobilization and Statistics (CAPMAS) stated in its bulletin.

The bulletin showed that Egypt’s exports of aluminium and its products fell to 899.4 million pounds during the first six months of 2016 versus 1.02 billion pounds at the same period of 2015, marking a 12.2 percent decline.

Meanwhile, Egypt’s exports of iron and steel to Italy increased by 23.3 percent to 107 million pounds during the first half of 2016 from 86.8 million pounds  a year earlier.

Egypt’s cotton exports to Italy jumped to 469.8 million pounds in January-June 2016 from 458.4 million pounds during the same period of 2015, registering a 2.5 percent rise.